My friends, the rotation of the two major hot sectors in the cryptocurrency circle is about to come, you must seize this wave of market!
Hot gossip: Sun Yuchen lost 100 million yuan in contract trading? Will his position go bankrupt?
What are the benefits of ENS, Tru and OM now? And what surprising moves has the Federal Reserve made recently? Let's follow Shuqin to find out.
The first is the upcoming hot topic in the cryptocurrency circle. Goldman Sachs, the world's largest investment bank, finally couldn't sit still and followed BlackRock to officially enter the RWA field (virtualization of real assets), announcing that it will launch three RWA tokenized products in the United States and Europe later this year, which is expected to continue to inject tens of billions of funds into this field.
Then when it issues coins later, won’t these three RWA idiots Ondo, Tru and OM be so successful?
Therefore, the smart money in the cryptocurrency circle with a keen sense of smell immediately began to make arrangements in advance! For example, the billion-dollar giant DWF contacted Tru in a hurry, and then the Tru community also voted to let DWF be its market maker and handed over a part of the chips to him in order to achieve certain returns.
DWF will definitely make a move at some point in the future if he wants to make money after receiving the chips. After all, if the price of the currency falls, he will lose money. So Tru and OM took off in the past two days, and Shuqin also called on everyone to buy the RWA track at a low price at the beginning of the month. Many whales are buying at the bottom, and now they have finally waited for the moment of harvest.
And Ondo, which we urged everyone to buy the dip in the last issue, also followed Xiaofei’s wave and hit the 1.05 resistance. It is currently experiencing a pullback after encountering resistance. Those who haven’t gotten on the train yet can take advantage of the pullback to allocate some. Don’t buy at high prices, buy at low prices, you know.
In this round of bull market, Dogecoin and RWA will basically be stronger.
However, everyone should pay attention to Ondo’s problem. He will unlock 134% of the current market value of tokens in January next year.
The selling pressure is actually very large, but this will happen half a year later, so there is no need to be nervous now. We can take profits when the next wave of growth takes off. It is a safer choice to switch to Tru and OM which have no selling pressure.
OK! Next, let’s talk about a funny gossip. Sun Yuchen, who has cut off countless people, is finally going to be cut off.
According to the latest disclosed data, his own platform had a long order of 500 million at 68,000. Rumor has it that it was Sun who cut it open. He is currently in a state of heavy losses, having already lost 100 million.
No one can confirm whether this is a position opened by Justin Sun, but the API data of his platform does show that some large investors opened long positions at high levels and were trapped, which can indeed be checked.
However, Sun Yuchen made a lot of money by entering the market at low prices several times at the beginning of the year, so it can be seen that these billionaires all appropriately allocate a certain amount of leverage to increase their returns, because it is difficult to accumulate this wealth by holding on to the coins all the time.
In addition to RWA and Dogecoin in the market now, ENS, as a key ecosystem of Ethereum, can also be deployed on dips, because the Ethereum ETF may be launched at any time.
The fundamentals of ENS are much stronger than other coins, and Vitalik Buterin often calls for orders himself, which makes it much stronger than those new projects with huge selling pressure.
However, since he just announced a good news today, the price of the currency will face the situation of a correction after all the good news is exhausted, so you can just take advantage of its recent weakness to buy at a low point. Again, when buying at the bottom, you must not buy at a high price, but buy at a low price, so that your average holding price will be much lower than that of retail investors who buy at a high price.
Then Germany, the main seller in the cryptocurrency circle recently, ended its week-long selling pressure of 3 billion. Now all of them have been sold, and there will be no more selling pressure from Germany in the future!
In the past few days, we also took advantage of the German sell-off to short sell from nearly 60,000 to 57,000, and successfully stopped the profit. I am still very satisfied. Because I said before that if these selling pressures do not end, the currency circle will not have much growth, and it will mainly be based on the wave band.
Like Pepe, who Benqin has been calling for several days, he has successfully flown to the resistance level close to 0.01 recently and started to pull back. After he comes down, we can still buy the bottom again and continue to make waves, because in addition to the selling pressure from Germany, Mentougou will also sell coins at some time. These are all things that need attention.
Those who want to operate together can come and have a look. Although the market is sluggish recently, Shuqin is still working hard every day to help everyone find opportunities for operation and accumulate more precious chips before the big bull market starts.
Now, getting back to the topic, this week’s inflation data really dropped everyone’s jaw!
There was a stunning reversal in the Fed rate market.
Both CPI and core CPI beat expectations. Now the interest rate market has not only fully priced in a rate cut starting in September, but the latest data even shows that Wall Street believes there is a 47.9% probability that the Federal Reserve will cut interest rates three times this year instead of twice, that is, once in each of the September, November and December meetings.
This is consistent with the latest analysis by Citibank reported by Shuqin in the previous program. There will be eight interest rate cuts by the middle of next year, which is simply unheard of.
Like the epidemic in 2020, the world economy came to a standstill, but because the Federal Reserve frantically cut interest rates, it forced a bull market into being. So this massive money printing that started in September is really no joke.
Everyone should be prepared, let’s witness a miracle together by the end of this year, okay!